Malaysia Airports Holdings Berhad (MAHB) is a prominent Government-linked company or GLC and has been rapidly growing in tandem with the nation’s growth.
Its significant shareholder, Khazanah Nasional Berhad is the country’s sovereign fund.
MAHB had seen a change of guard in 2014 when Datuk Badlisham Ghazali took the helm of the company from seasoned aviation man, Tan Sri Bashir Ahmad. Badlisham has continued to propel the airport operator to greater heights.
MAHB runs 39 airports including Sabiha Gokchen International in Turkey and Rajiv Gandhi International Airport in Hydrebad, India. It also operates klia2 which is the largest terminal in the world dedicated for low cost carriers in terms of capacity.
The airport operator which has been in business for more than 20 years has left its mark in the global aviation industry. Kuala Lumpur International Airport (KLIA) is now among the top 20 busiest airports in the world, climbing up from number 69 over a decade ago.
To date, it has registered growth of 9.1% year-on-year. Combined, KLIA and klia2 cater to more than 60 airlines, serving more than 120 destinations.
From a shareholders return perspective – Malaysia Airports’ total shareholder return over the last decade was more than 500% and this marks its position as the second top performing GLC in this area. Its market capitalisation has grown more than six times over the same period.
Since the company had achieved its milestones, it has a new vision. A vision that would take it to the next level, in line with the evolution of the world’s top airports, like Schiphol, Amsterdam.
MAHB’s current vision of becoming a global leader in creating airport cities fits perfectly with its business direction whereby focus is placed on growing its commercial and non-aeronautical revenue.
The airport operator’s klia2 dedicated low cost terminal which can handle 45 million passengers per annum, will be the cornerstone of the KLIA Aeropolis. This allows it to attract traffic to KLIA by capitalising on prevailing market trends in the aviation and travel industry.
klia2 was also designed as a destination in itself - not merely as a pass-through terminal. With 225 outlets in the terminal building and a further 180 outlets in gateway@klia2 shopping mall, it most certainly is a shopping haven to both passengers and non-passengers alike.
Data shows that for every two passengers that travel through klia2, there is one non-traveller. Its commercial development is an important contributor in boosting Malaysia Airports’ non-aeronautical revenue.
“The Aeropolis is one of the main pillars of our next five-year business plan – Runway to Success 2020 (RTS2020) – which we will unveil in greater detail come January 2016,” said Datuk Badlisham Ghazali.
“Malaysia Airports was fortunate because the government had the foresight to allocate a 10 x 10 km land bank surrounding KLIA. By virtue of this considerable land bank, we would be in prime position to influence the creation of the KLIA Aeropolis,” he added.
Airports are increasingly important links to global markets and a major factor in a country’s competitiveness. The creation of the airport city allows MAHB to establish a platform for international business and trade which will contribute to Malaysia’s economic development.
Ranjit Singh
Mon Jan 04 2016
MAHB's current vision of becoming a global leader in creating airport cities fits perfectly with its business direction.
US military plane deporting Indian immigrants lands in India
The Trump administration has increasingly turned to the military to help carry out its immigration agenda.
Trump's Gaza plan for 'Riviera of the Middle East' triggers international condemnation
Countries from Russia, China, Spain, Ireland and the UK say they continue to support the two-state solution.
US Postal Service suspends inbound parcels from China, Hong Kong
Trump's crackdown on de minimis would make the products sold by the likes of Shein and Temu more expensive.
US plan to take over Gaza: Malaysia's stance on Palestine unchanged - PM
Datuk Seri Anwar Ibrahim says Malaysia's stance remains the same as that of other Islamic countries.
US freezes funding for security mission tackling Haiti's gangs
More than $13 million in US funding for an international security force helping fight armed gangs in Haiti has been frozen, the UN says.
Over 40,000 civil servants at high risk of mental health issues - Zaliha
A total of 44,901 civil servants were screened under Public Service Psychological Health Digital Profiling System, says Dr Zaliha Mustafa.
India's Modi takes 'holy dips' at Maha Kumbh, week after stampede killed dozens
Security personnel stood in the water nearby while thousands of people crowded the banks to watch the prime minister perform the rituals.
Philippine Congress endorses impeachment complaint against vice president
Vice President Sara Duterte would be the Philippines' second most senior official to face removal from office.
What is a sovereign wealth fund?
Sovereign wealth funds are investment vehicles owned by countries.
[COLUMNIST] Rising above Trump tariffs: How a resilient global economy outlasts US protectionism
The current alarm over Trumps tariff threats overlooks a key point: global markets are resilient and adaptable.
Khazanah reports RM5.1 billion operating profit for 2024
Khazanah records RM103.6 billion NAV in 2024, driven by strong domestic investments and strategic growth.
Washington, DC officials identify 66 of 67 victims of midair collision
Work continues by the US Army Corps of Engineers to remove the airplane wreckage from the Potomac River.
Government to further strengthen ASEAN's readiness in finalising DEFA
Malaysia is focusing on two main approaches to facilitate the DEFA negotiation, says Liew Chin Tong.
Trade war will not hinder Malaysia’s GDP growth for 2025 - Rafizi
The finance ministry has projected Malaysia's GDP to grow between 4.5 and 5.5 per cent in 2025.
Trump administration considers adding Shein, Temu to 'forced labor' list, Semafor reports
The move comes after China imposes targeted tariffs on US imports and warnings of possible sanctions against firms like Google.
Thailand to cut power to Myanmar border areas linked to scam centres
Evidence shows transnational crime syndicates in Myanmar's Tachileik, Myawaddy, Payathonzu, that are possible power cut targets.
Trump reimposes 'maximum pressure' on Iran, aims to drive oil exports to zero
Trump signs the presidential memorandum reimposing Washington's tough policy on Iran that was practiced throughout his first term.
FACTBOX: Trump proposes US takeover of Gaza
Here are some remarks that US President Donald Trump made and questions that he answered during a press conference.
Singapore passes law against foreign interference in race-based organisations
Under the Racial Harmony Bill, race-based groups must disclose foreign and anonymous donations, affiliations, and leadership.
Malaysia, Uzbekistan agree to elevate ties to strategic partnership
Malaysia and Uzbekistan noted active cooperation on key issues within international bodies, especially the UN and OIC.